Ira­nian oil.

der a re­struc­tur­ing plan ap­proved by the Euro­pean Com­mis­sion. “We man­aged to max­i­mize the sale price and pre­serve the suc­cess­ful re­la­tion­ship be­tween the bank and the in­sur­ance unit,” chief ex­ec­u­tive Leonidas Fra­giadakis told share­hold­ers at the an­nual assem­bly. “It’s a deal that is ben­e­fi­cial to all stake­hold­ers.”

Iran’s crude oil ex­ports in July are set to fall 7 per­cent from this month’s three-month high, mainly due to a de­cline in ex­ports to Europe, a per­son with knowl­edge of the Mid­dle Eastern coun­try’s tanker load­ing sched­ule said. In Europe, main buyer Turkey is lift­ing 194,000 bar­rels per day this month, down 27 per­cent from June. Italy is load­ing nearly 100,000 bar­rels per day, down from 133,000 bpd last month. Greece and Spain are each lift­ing nearly 65,000 bar­rels per day this month, lit­tle changed from June, the source added.